SRINAGAR: Frauds amounting to over Rs 2,36,093.10 lakh have been reported in JK Bank over the past five financial years, with 128 cases recorded during this period, according to data tabled in the Rajya Sabha by the Ministry of Finance.
Replying to an unstarred question by Sajjad Ahmad Kichloo, Minister of State for Finance Pankaj Chaudhary said that cumulatively 128 fraud cases were reported between 2020-21 and 2024-25, involving substantial financial irregularities and prompting corresponding criminal action.
Cumulatively, 128 fraud cases involving Rs 2,36,093.10 lakh were reported over five years. Year-wise, 23 frauds involving Rs 1,51,961.98 lakh were reported in 2020–21, followed by 19 cases worth Rs 24,615.60 lakh in 2021–22. In 2022–23, 20 fraud cases involving Rs 38,003.61 lakh were recorded. The number of cases rose to 32 in 2023–24 (Rs 4,536.82 lakh) and 34 in 2024–25 involving Rs 16,975.09 lakh. FIRs or criminal complaints were filed in all cases, while staff accountability was established against 512 officials during the period.
Cumulatively, 2,803 employees were recruited or regularised and 122 engaged on a contractual basis between 2019–20 and 2025–26. Year-wise, recruitment stood at 456 in 2019–20 with 114 contractual employees, 387 in 2020–21 with 1 contractual employee, 1,644 in 2021–22 with 2 contractual employees, 115 in 2022–23 with 1 contractual employee, 94 in 2023–24 with 1 contractual employee, 71 in 2024–25 with 2 contractual employees, and 36 in 2025–26 with 1 contractual employee.
Cumulatively, the bank reported that borrower-wise NPA details cannot be disclosed due to confidentiality provisions under the RBI Act, 1934. However, the total outstanding NPA amount of the top 100 defaulters stood at Rs 4,693 crore as of December 31, 2025.
Cumulatively, thousands of loan accounts have been written off over the years. Year-wise, 1,493 accounts involving Rs 13.15 crore were written off in 2019–20, 1,367 accounts involving Rs 4.50 crore in 2020–21, 2,500 accounts involving Rs 29.60 crore in 2021–22, 5,861 accounts involving Rs 38.17 crore in 2022–23, 1,860 accounts involving Rs 28.18 crore in 2023–24, 2,699 accounts involving Rs 18.71 crore in 2024–25, and 2,499 accounts involving Rs 12.50 crore in 2025–26 (till date).
Cumulatively, restructured accounts have shown a declining trend over the years. Year-wise, the number of such accounts stood at 32,167 as on March 31, 2019, declined to 7,262 in 2020, 6,799 in 2021, rose slightly to 7,425 in 2022, and then declined to 6,334 in 2023, 4,673 in 2024, and 4,124 in 2025.
Cumulatively, recovery performance has fluctuated significantly. Year-wise recoveries stood at Rs 2,603.51 crore in 2019–20, Rs 620.27 crore in 2020–21, Rs 2,807.08 crore in 2021–22, Rs 8,433.11 crore in 2022–23, Rs 1,853.00 crore in 2023–24, Rs 973.72 crore in 2024–25, and Rs 783.96 crore in 2025–26 (till date).
Cumulatively, the bank’s loan portfolio reflects significant sectoral exposure, with personal finance emerging as the largest segment. Year-wise data indicates that outstanding amounts under personal finance rose steadily, reaching over Rs 40,652 crore by March 31, 2025, alongside substantial exposure in agriculture, infrastructure, trade, and services sectors.
Cumulatively, the Reserve Bank of India has imposed penalties on JK Bank in multiple years for regulatory non-compliance. Year-wise, penalties included Rs 0.5 crore in 2019–20, Rs 1.00 crore in 2021–22, Rs 2.50 crore in 2023–24, Rs 3.31 crore in 2024–25, and Rs 0.99 crore in 2025–26, citing violations related to fraud classification, lending norms, KYC.
